City File: Danka Business Systems

DANKA Business Systems is a rather unusual animal. It is the second largest distributor of photocopiers in the US, but is quoted in the UK. Not surprisingly, there is little interest in the shares over here, but a recent ADR issue on the NASDAQ market in the US may bring improved fortunes over there.

Danka's main agencies are in Canon, Konica and Minolta, and its principle areas of operation are Florida, the south-eastern states, Texas and parts of New England. Recently it added agencies in Memphis and Detroit and acquired two new wholesaling businesses.